The Fragility of China's Red Capitalism
Red Capitalism is scheduled for release on February 15, 2011. I have not read it, but from early reports it would appear to be a credible account that updates and supports concerns about China's economy expressed by David Smick (The World Is Curved) and others.
The reference is:
Walter, Carl E., and Fraser J. T. Howie. Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise. Hoboken, NJ: Wiley, 2011.
The Smick book mentioned, is:
Smick, David M. The World Is Curved: Hidden Dangers to the Global Economy. New York: Portfolio Hardcover, 2008.